Castor Maritime shares rise 1.79% after-hours after completing a $14.6M sale and leaseback transaction for the M/V Magic Thunder.

Castor Maritime Inc. rose 1.79% in after-hours trading, following the announcement of a successful sale and leaseback transaction for the M/V Magic Thunder, a 2011-built Kamsarmax bulk carrier vessel. The transaction, valued at $14.6 million, has a duration of five years and includes a purchase option for the company beginning at the end of the second year. This news is likely seen as positive for the company, as it provides immediate liquidity and financial flexibility.